| If you've got a kid, I've got good news: We're in the middle of a month's worth of money advice for parents with a child in high school or college. "How To Afford A Teenager" is full of expert takes on making the most of your finances while guiding your child into adulthood, whether setting them up for handling that after-school paycheck or doing the most to cut down on college expenses. Check out a few articles on this topic below, and keep an eye on the site for more. If you've got a teen, you're gonna need it. Love,
Janie Your child just got their first job. That means there's work ahead for you, too: You get to help them set up a bank account and walk them through the do's and don'ts of handling their own paycheck. (Chances are good your teen has never had personal finance lessons in school, or would be stymied if asked to write a check.) Here's what to go over, from picking the right bank to helpful tech to setting up a budget or even a Roth IRA. I may never recover from my mom ruining "The Little Mermaid" before my family even left the theater. "It's just a disobedient teenager who does whatever she wants, faces zero consequences and gets her own way in the end," she announced. She seemed convinced that if left unaddressed, any "bad" lessons from the film might seep into our impressionable young brains and set us on a path in which my dad would wind up shriveled to a polyp under the sea while trying to save us from our own rebellious choices, just like King Triton. Maybe at least wait until your kids are buckled into the car before deflating a good movie-watching experience. But still! There are often really good lessons to take from movies, and your favorite classic teen films even contain some solid truths about money that you can (gently) weave into conversations with your kid. Here's what "Clueless," "Grease," "Say Anything," "10 Things I Hate About You" and others have to say about finances. As a parent, sometimes more immediate expenses take priority over long-term goals like saving for college. That's just life. At some point, however, you’ll need to beef up that college savings fund, even if it means starting late. Really late. And if you want to fund a good chunk of your child’s education, you’ll need to save more aggressively. Here’s how to do it.
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